Orrick Advises Bergfürst on Strategic Investment by Commerz Real


April.15.2019

Deutsch: Orrick berät Bergfürst bei strategischem Investment der Commerz Real

Orrick has advised Berlin based Bergfürst AG on the corporate venture capital investment by Commerzbank’s real estate subsidiary Commerz Real. Through this transaction, Commerz Real has acquired a 24.9% stake in Bergfürst and is now its second largest shareholder and strategic partner.

Bergfürst operates a crowdlending platform through which retail investors can invest in individual real estate objects or in real estate portfolios. The company was founded in 2011 by Dr. Guido Sandler and Dennis Bemmann and is today among the top 3 online platforms for real estate crowd-investing in Germany. Besides Commerz Real, current investors include inter alia Berliner Volksbank and the WELT media group.

Bergfürst has been advised by an Orrick team led by Düsseldorf based M&A partners Dr. Wilhelm Nolting-Hauff and Dr. Sven Greulich who already counseled the entrepreneur Guido Sandler on various transactional engagements in the past. Our team further included associate Dr. Johannes Rüberg (M&A and Private Equity, Düsseldorf), partner Dr. Christoph Rödter (M&A and Private Equity, Munich) and associate Onur Öztürk (M&A and Private Equity, Düsseldorf).